Benefits Handbook About PhonePe PhonePe is India’s leading digital payments platform with millions of registered users across PhonePe’s vision is “To build a large, the country. Using PhonePe, users can send and scalable & open transaction ecosystem receive money, recharge mobile, DTH, data cards, pay at stores, make utility payments, buy gold, that creates the maximum positive and make investments. PhonePe is accepted at impact for all stakeholders” millions of merchant outlets across hundreds of cities nationally. Values of PhonePe The PhonePe Values act as a decision-making framework that can guide us in times of ambiguity and help us push back when these attributes are not practiced.
Let's take a look at what attributes are displayed by PhonePe-rs!
Culture @ PhonePe PhonePe’s culture is the secret sauce to our success. We have a flat org structure that focuses on impact and performance over tenure and level. Our benefits are centered on simplifying life and ensuring good health so employees can focus on solving the most interesting problems. Our people processes are built to reward collaboration, sustainable solutions and the ability to put the organisation first. We take immense pride in high quality talent at PhonePe.
Passionate folks who have the potential
to change the world - that’s who we are, and that’s the kind of talent we look for! Benefits @ PhonePe Our People Principles Our Rewards Philosophy Rewards tied to Long term value creation Long Term Competitive enough to Wealth Caring and attract top quality talent Creation Compassionate Employer Well with insurance & Competitive wellness programs tied Being Pay to employee needs
Rewards Philosophy Egalitarian and aligned Benefits to employee needs Be part of building an Purpose organization, less hierarchical & autonomous culture
Career Impactful roles, growth & learning
opportunities Meaningful Policies Insurance Work Life Balance Parental Support Wellness Benefits Support Benefits Benefits Program
● Critical Illness ● Career Break Policy Program Assistance Insurance ● Paternity Benefit Program ● Accidental Program ● Onsite Medical Insurance ● Adoption Assistance Center ● Life Insurance ● Emergency Support System Mobility Retirement Other Benefits Benefits Benefits
● Business Travel ● Flexible PF Contribution Program Support Policy ● Gratuity ● Car Lease Program ● NPS ● Mobile & Broadband ● Leave Encashment Reimbursements ● Salary Advance Policy Insurance Benefits
Members Covered Self + Any 5 dependents(Spouse/Partner Domiciliary Cover for Covid + Dependent Children + Parents or Parents-in-law + Sibling (upto 25 years))
Outpatient Plans (OPD)
Options to add-on additional outpatient Medical Insurance covers to pay for consultations, 20 Medical plan options diagnostics, dental & vision treatments to choose from
Medical Flex Plus Plan
Additional enhancement options for a more robust policy Critical Illness Insurance Accidental Insurance Life Insurance
When a serious illness strikes, Critical Helps protect you from unexpected Financial support to an employee’s Illness insurance can provide financial financial stress if you or a dependent has family in case of an unfortunate event support to help you through a had an accident. leading to the demise of the employee difficult time. It protects against the or spouse/partner. financial impact of certain illnesses.
Eligibility: Employee only Eligibility : Core Benefit – Employee only Eligibility : Core Benefit – Employee Optional Benefits – Spouse/Partner only Optional Benefits – Spouse/Partner
Basic Sum Insured = 5 times of Annual CTC
(Employee only) Basic Sum Insured = 5 times of Annual CTC(Employee only) Work Life Balance Support Policy Leave Policy
Annual leaves Optional leaves Casual leaves Special leaves
Declared 15 days of paternity 6 months of 5 days of
Holidays leave maternity leave marriage leave
Unlimited Tenure bereavement leave leaves
Note: Actual No. of leaves will be dependent on the states one is mapped to Career Break Policy This policy has been designed to enable employees to balance their careers and other personal commitments or responsibilities outside of work by giving them an option to take an extended period of time away from work. When to apply for a Career Break?
Higher Education Childcare Support Medical Emergency Taking Care of Family
Wellness Program Employee Assistance Program
Stress Management Legal & Financial advice Onsite Medical Center Emergency Support System
Self assessments and self-help
Counselling Services resources Parental Support Maternity Benefit Program Paternity Benefit Program Adoption Benefit Program ● 6 months of paid maternity leave, 4 months ● 15 days of paid paternity leave, 3 ● Mother & Father - If you adopt a child of flexible working hours. below 12 months of age, 6 months of paid months of flexible working hours. adoption leave: ● 4 months of Work from ● Paid surrogacy leave of 26 weeks for ● Up to 3 months unpaid leave. Home/Flexi Work Hours. Commissioning mothers. ● Up to 3 months of unpaid leave. ● Higher Maternity claim(INR 65,000 for ● Can claim upto INR 50,000 under ● Upto INR 600/day transport reimbursement normal delivery, INR 80,000 for the Adoption benefit program. for upto 2 months pre delivery or INR 10,000 towards Driver’s salary. Dedicated parking C-section). ● Mother- If you adopt a child above 12 spot for 2 months prior to delivery. ● Day-care support (co-shared between months of age, 3 months of paid adoption employee and employer(50:50) for leave. ● Higher Maternity claim(INR INR 65,000 for normal delivery, INR 80,000 for C-section). children up to 4 years of age). ● Father- If you adopt a child above 12 months of age, upto 3 weeks of paid ● Day-care support(co-shared between adoption leave. employee and employer(50:50) for children up to 4 years of age). Mobility Benefits Relocation Benefits ● Relocation support for Employee + max 5 members including spouse, children, parents or parents-in-law.
● Local accommodation – 15 days (domestic hire) and 60
days (international hire).
● Local conveyance - Cabs during the first 15 days (Domestic
hire), Rented car with driver for first 30 days (International hires).
● Movement of goods including 1 vehicle.
● One time relocation reimbursement of upto INR 30,000 for
defined expenses like House Brokerage, Vehicle re-registration charges, services availed for installation of household goods etc..
Note: Campus hires will fall under Campus Hire Relocation Policy Retirement Benefits PF Contributions & Options ● Employees will receive INR 1800 per month from PhonePe towards their PF. Employees also make a matching contribution which will be deducted from basic salary.
● Employees can opt for a Flexi PF contribution of 12% of
basic pay.
● Employees can also opt for a Voluntary PF contribution
anytime through the year. The same will be deducted from your take home.
● All employees are eligible for gratuity on completion of 5
years of continuous service.
● Employees can also opt for monthly deduction of NPS, up
to 10% of basic salary. Other Benefits Learning Assistance Program
● Every employee is allocated a fixed learning wallet amount
of INR 5,00,000 per year upon joining.
● The Learning wallet can be availed at one instance or
multiple instances in a year upto a maximum of INR 5,00,000.
Car Lease Program
● Every employee can assign a maximum of 20% of the annual Base Pay towards the car lease rental.
● Lease tenure can be 36 months or 48 months.
● The car lease amount will cover the EMI, fleet management charges, maintenance charges, cost of registration and insurance of the car. Mobile & Broadband Reimbursements
● Employees can claim reimbursement of broadband bills
incurred towards business needs at a max limit of INR 1000.
● Employees can also claim reimbursement of Mobile bills
incurred towards business needs at a max limit of INR 1000.
Salary Advance Policy
● Employees can opt for a maximum of 2 months of base salary (Base Pay) as an advance.
● Option available to choose up to 12 equal interest free monthly
installments for recovery through monthly payroll.
● Policy provides financial assistance to meet unexpected expenses.
‘YOU’ are the center of all our policies! Reach out to your Recruiter/HRBP if you have questions, our team is happy to help!
